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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Summary of Components of Lease Expense

The components of lease expense are as follows (in thousands):

 

 

 

Year Ended December 31,

 

(in thousands)

 

2024

 

 

2023

 

Operating lease costs

 

$

1,302

 

 

$

1,127

 

Variable lease costs

 

 

510

 

 

 

395

 

Total lease cost

 

$

1,812

 

 

$

1,522

 

Schedule of Other Information

Other information related to leases was as follows:

 

 

 

Year Ended December 31,

 

Supplemental Cash Flows Information (in thousands)

 

2024

 

 

2023

 

Operating lease right of use assets obtained in exchange for operating lease liabilities

 

$

195

 

 

$

2,247

 

Cash paid for amounts included in the measurement of lease liabilities

 

$

1,362

 

 

$

1,087

 

 

 

 

December 31, 2024

 

 

December 31, 2023

 

Weighted-average remaining lease term (years)

 

 

2.5

 

 

 

2.9

 

Weighted-average discount rate

 

 

4.9

%

 

 

8.5

%

Schedule of Future Maturities of Lease Liabilities

Future maturities of lease liabilities were as follows as of December 31, 2024:

 

(in thousands)

 

Operating Leases

 

2025

 

$

742

 

2026

 

 

473

 

2027

 

 

366

 

2028

 

 

136

 

2029

 

 

8

 

Thereafter

 

 

 

Total future minimum lease payments

 

$

1,725

 

Less: imputed interest

 

 

115

 

Present value of lease liabilities

 

$

1,610